Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,830,000
Apartment buildings
1904 F Ave National City, CA 91950-5784
Entity Owned
4-yr Hold
Property ID
US10-0037484
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2020
Total area
9,459 SF
Lot
0.28 ac (12,144 SF)
Zoning code
R-4:MULTIPLE RESIDENTIAL
APN
560-252-14-00
UPID
US10-0037484
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.59M
CAP Approach
CAP
$2.42M
Comparable Approach
Comparable
$3.61M
Blend (final)
Blend
$3.83M
Owner & transaction history
Belmont Growth LLC · 4 yrs held
Belmont Growth LLC
since 2021
Last sale
$4.2M
7 recorded transactions
Zoning & alternative use
R-4:MULTIPLE RESIDENTIAL · National City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.2M
+157.2%
Medical building
$4.5M
+86.2%
Office building
$3.4M
+41.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs National City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs National City submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,610,000
ML approach
$3,585,000
CAP Approach
CAP Return
Estimation
6%
$2,620,000
6.5%
$2,420,000
7%
$2,245,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,410,000
Current use
RESTAURANT
$6,200,000
Change: +157% · Conversion: Difficult
MEDICAL BUILDING
$4,490,000
Change: +86% · Conversion: Moderate
OFFICE BUILDING
$3,410,000
Change: +41% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,580,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$2,340,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$3.83M
Range $3.45M – $4.21M · ±10% · vs last sale $4.17M (Oct 22 2021)
Last sale anchor
$4.17M
Oct 22 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$405 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$53,874
Tax year 2024
Assessed value
$4,265,640
Assessed 2024
Previous assessed
$4,265,640
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$1,768,680
Assessed improvement
$2,496,960
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2020
Heating
NONE
Units
10
Bathrooms
20
Total area
9,459 SF
Lot
0.28 ac (12,144 SF)
Zoning code
R-4:MULTIPLE RESIDENTIAL
APN
560-252-14-00
UPID
US10-0037484
Jurisdiction
SAN DIEGO
Zoning & alternative use
R-4:MULTIPLE RESIDENTIAL · National City, CA
Zoning R-4:MULTIPLE RESIDENTIAL · permitted uses
R-4:MULTIPLE RESIDENTIAL · National City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
National City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.4M
RESTAURANT
Est. value
$6.2M
MEDICAL BUILDING
Est. value
$4.5M
OFFICE BUILDING
Est. value
$3.4M
INDUSTRIAL (GENERAL)
Est. value
$2.6M
RETAIL STORES
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
INDUSTRIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2020
Heating
NONE
Units
10
Bathrooms
20
Lot
0.28 ac
Current owner
From public records · entity-resolved
Belmont Growth LLC
Entity
Mailing address
PO BOX 3559, RCHO SANTA FE, CA 92067-3559
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
26 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2021
$4,174,500
Belmont Growth LLC
Kd F Avenue LLC
Grant Deed
—
Jan 12, 2021
—
Kd F Avenue LLC
—
Deed
related
$2,350,000 · Mechanics Bank
Jul 3, 2018
—
Kd F Avenue LLC
—
Trustees Deed
related
$1,960,000 · California Bk&tr
Aug 4, 2017
—
Kd F Avenue LLC
Kire Homes III LLC
Quit Claim Deed
related
—
May 25, 2017
$453,000
Kire Homes III LLC
Deutsche Bk Natl 2006-2
Grant Deed
—
Aug 1, 2016
$401,000
Deutsche Bk Natl Trust C 2006-2 Tr
Western Progressive LLC|adame,salvador
Trustees Deed
related
—
Jul 12, 2011
—
Christopher C Hill
Adame,salvador
Grant Deed
—
Apr 28, 2011
—
Melvin Mcdaniel
Adame,salvador
Grant Deed
—
Jan 18, 2011
—
Lawrence P Okarskie
Adame,salvador
Grant Deed
related
—
May 5, 2010
—
Tammy J Cooke
Adame,salvador
Grant Deed
related
—
Dec 10, 2009
—
Anthony S Taylork
Adame,salvador
Grant Deed
related
—
Oct 7, 2009
—
Morgan C Boyde
Adame,salvador
Grant Deed
related
—
Aug 7, 2009
—
Maria C Rosasie
Adame,salvador
Grant Deed
related
—
Jul 7, 2009
—
Susan Camejoe
Adame,salvador
Grant Deed
related
—
May 26, 2009
—
Emily A Glossoner
Adame,salvador
Grant Deed
—
Aug 12, 2008
—
Andrew Adamson
Adame,salvador
Quit Claim Deed
—
Apr 4, 2008
—
Majorie Nepol
Adame,salvador
Grant Deed
—
Feb 29, 2008
—
William Pyers
Adame,salvador
Grant Deed
—
Jan 23, 2008
—
Jeremy Clardies
Adame,salvador
Grant Deed
—
Dec 20, 2000
$285,000
Salvador Adame
Franke Trust
Grant Deed
$225,000 · Wellnitz Trust
May 16, 1994
—
Living Trust Of John C Fr
Franke,john C Et
Quit Claim Deed
related
—
—
—
Salvador Adame
—
Deed Of Trust
related
$16,500 · Marilou L Moreno
—
—
Salvador Adame
—
Deed Of Trust
related
$50,000 · Gonzalez Trust
—
—
Salvador Adame
—
Deed Of Trust
related
$150,000 · Wellnitz Trust
—
—
Salvador Adame
—
Deed Of Trust
related
$311,961 · Wmc Mortgage Corp
—
—
Salvador Adame
—
Deed Of Trust
related
$120,000 · Wellnitz Trust
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1904 F Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
